OTC - Securities l Corporate l Business Law

Regulation A+ White Paper – Regulation A+ Lawyers

Overview of the Regulation A+ Exemption On March 25, 2015, The Securities and Exchange Commission (the “SEC”) adopted final rules to implement Section 401 of the Jumpstart Our Business Startups (JOBS) Act by expanding Regulation A into two… Read More

FINRA Enforcement of Non-Members and Penny Stock Issuers

FINRA & Penny Stocks When the subject of penny stock enforcement actions arises, most people think first of the Securities and Exchange Commission (SEC), or erroneously, of OTC Markets Group (OTCM). The SEC has ultimate authority to deal with… Read More

FINRA Fines BMA Securities

On February 2, 2017, the Financial Industry Regulatory Authority (“FINRA”) accepted a Letter of Acceptance, Waiver and Consent (“AWC”), from BMA Securities, LLC (CRD #108219, El Segundo, California). BMA Securities was censured and fined $25,000. Without admitting or… Read More

FINRA Halts ALL OTC Equity Securities – Going Public Lawyers

Securities Lawyer 101  Blog On Thursday, November 7, 2013, the Financial Industry Regulatory Authority, Inc. (“FINRA”) halted trading in all OTC Equity Securities pursuant to FINRA Rule 6440(a)(3).  FINRA determined to impose a temporary halt because of a… Read More

FINRA Granted Authority to Initiate Quotation & Trade Halts

Securities Lawyer 101 Blog Recent SEC amendments to FINRA Rule 6440, grant authority for FINRA to initiate quotation and trade halts in OTC equity securities when it is deemed necessary to protect investors.   As amended, Rule 6440 grants… Read More